Suppose That New High-Technology Farming Equipment Is Developed

question 45

Multiple Choice

Suppose that new high-technology farming equipment is developed. These new machines are substitutes for low-income workers such as farm laborers, but they are complements for high- income workers such as farm technicians and farm owners. This new technology will _______ wages in for low-income workers and _______ income inequality.

• A) increase, decrease
• B) increase, increase
• C) decrease, decrease
• D) decrease, increase

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Definitions:

Supervisor Using

The methods or approaches a supervisor employs in managing, guiding, and supporting their subordinates.

Work Weekends

The practice of engaging in professional or job-related activities during the weekend days, which are traditionally considered part of the rest period.

Pay Raise

An increase in the amount of money an employee receives for their work.

Chief Financial Officer

is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.